Characteristics of a Successful Startup
16:16 | 
Most startups don’t pan out. According to findings from Wilfrid Laurier University entrepreneurship professor Dr. Benson Honig, the ones that do succeed tend to have a few key characteristics in common, but you might be surprised to learn what they are. According to Honig, there isn’t much correlation between comprehensive business plans and startup success. Instead, two key factors appear to be network capital and prior customer relationships. Honig speaks with Inside Digital Media’s Phil Leigh about the characteristics of success.
Tags: Wilfrid Laurier University, entrepreneurship, Benson Honig, Inside Digital Media, Phil Leigh
2 Responses to “Characteristics of a Successful Startup”
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Copyright ©2008 PodTech.net. All rights reserved. Modified: Thu, 04 Sep 2008 21:59:21 -0700
January 23rd, 2007 at 2:31 pm
[…] This is what I keep telling my business partners as I go to meetups, Barcamps, and geek dinners by myself. Phil Leigh interviews Dr. Benson Honig, entrepreneurship professor at Wilfrid Laurier University for Podtech.net. Social entrepreneurship is an important ingredient in startup success. If you or a member of your team is not a social butterfly, consider partnering with one or learning to become one. Check out the post here. […]
January 31st, 2007 at 12:50 pm
Is it possible that a business plan can be virtual? I would argue that the level of sophistication of the entrepreneur and their experience in the industry directly correlates to their “need” or lack there of to have a written plan. But when it comes to financial forecasting to determine initial capitalization, it would be hard to do that in your head.